20

Share Price Movement

20 February 2017

Beowulf Mining plc

(“Beowulf” or the “Company”)

Share Price Movement

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Beowulf (AIM: BEM; AktieTorget: BEO), the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Åtvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, notes the recent share price movement and the comments over the weekend by the Chief Mining Inspector where she indicated, amongst other things, that she hoped there would be clarity this week over which direction the process for the award of the Exploitation Concession for Kallak North was heading.

The Company wishes to clarify that it has received no new information regarding the award of the Exploitation Concession for Kallak North, and while it remains hopeful an award will be made, there can be no guarantee as to when or if any award will be made. The Company will update the market as and when appropriate.

Enquiries:

Beowulf Mining plc

 

Kurt Budge, Chief Executive Officer

Tel: +44 (0) 20 3771 6993

Cantor Fitzgerald Europe

(Nominated Advisor & Broker)

 

David Porter/Craig Francis

Tel: +44 (0) 20 7894 7000

Blytheweigh

 

Tim Blythe / Megan Ray

Tel: +44 (0) 20 7138 3204